The automotive sector represents the nation’s No. 1 export industry and is responsible for driving job creation and economic growth across the country. The U.S. automotive sector has seen its exports rise by 76% since 2009.
Each year, Ford, General Motors, and Stellantis export about 1 million American-made vehicles to more than 100 different foreign markets. This is further evidence of the economic significance of U.S. exports to job creation.
Increased exports have far reaching impacts on the economy overall. Ford, General Motors and Stellantis produce more of their vehicles, buy more of their parts, conduct more of their research and base more of their workers in the United States than their competitors. These differences represent billions of dollars in investment and purchases, representing millions of American jobs.
Automaker and Supplier Exports (in billions)
The U.S. automotive sector has seen its exports rise by 76% since 2009.
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Senators Seek to Address Currency Manipulation Asia-Pacific Trade Deal
A group of sixty U.S. senators on Tuesday asked the Obama administration to consider the issue of currency manipulation as a part of major trade negotiations among Asia and Pacific nations.
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Currency manipulation should be part of trade talks, Senators say
A bipartisan majority of the US Senate demanded that US President Barack Obama address “currency manipulation” in trade negotiations with 12 Pacific nations, throwing up a potential roadblock as the talks approach their final stages.
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Majority of lawmakers back strong currency rules in Asia-Pacific trade deal
A majority of congressional lawmakers are pressing the Obama administration to crack down on currency manipulation as part of negotiations on an Asia-Pacific trade deal.
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Auto industry gets tough on Japan in trade agreement talks
The American Automotive Policy Council, a trade group representing the Big Three automakers, is pushing back hard against Japan's new place at the negotiating table for one of the most comprehensive free-trade deals in years.
Initially conceived as an 11-country bloc when it was announced in Nov. 2011, the Trans-Pacific Partnership agreement aims to create a free-trade group with countries such as Vietnam, New Zealand and Malaysia. In July, during the 18th round of negotiations, Japan joined the talks, and the countries involved ambitiously hope to wrap up the discussions in October.
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Auto industry gets tough on Japan in trade agreement talks
The American Automotive Policy Council, a trade group representing the Big Three automakers, is pushing back hard against Japan’s new place at the negotiating table for one of the most comprehensive free-trade deals in years.
Initially conceived as an 11-country bloc when it was announced in Nov. 2011, the Trans-Pacific Partnership agreement aims to create a free-trade group with countries such as Vietnam, New Zealand and Malaysia. In July, during the 18th round of negotiations, Japan joined the talks, and the countries involved ambitiously hope to wrap up the discussions in October.